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Financial Services

Credit Markets

The New York Fed added $24.8 billion in temporary liquidity to financial markets via a two-day repurchase agreement operation, in which eligible banks took far less liquidity than the $120 billion the Fed was willing to offer.

Business

Some of the banks that helped fuel the fracking boom are beginning to question the industry’s fundamentals as many shale wells produce less than companies forecast.

CFO Journal

Finance chiefs, who have spent the past decade brainstorming how to avoid the brunt of the so-called Cadillac tax, can close their spreadsheets and exhale.

Latin America

Bank of Mexico Governor Alejandro Díaz de León is in wait-and-see mode on further interest-rate cuts, even though inflation is below the central bank’s 3% target and an agreement on a new trade deal with the U.S. and Canada has removed a cloud of uncertainty.

U.S.

California regulators are planning stiffer rules on car insurance sold through occupational, educational and other so-called affinity groups, contending some programs discriminate against low-income people.

Markets

Credit Suisse confirmed a second episode of bank-mandated spying on senior executives this year, deepening scrutiny of the Swiss bank’s surveillance practices and decision-making by top management.

U.S. Economy

The economics profession embarked this year on a soul-searching appraisal of perceived hostility to women and minorities in its ranks, and the Federal Reserve wants to get ahead of the curve.

Streetwise

Federal Reserve policy makers opposed to taking interest rates negative in the next recession might take comfort from the end of Sweden’s dalliance with below-zero rates. But investors shouldn’t expect the eurozone to follow suit.

Markets

Some dealerships are dressing up car-loan applications with inflated incomes, while many lenders have cut back on safeguards that could catch forged applications. The result? Borrowers are walking away with cars they can’t afford.

Business

A Canadian banker who invests in some of the same companies he advises is helping U.S. cannabis firms reach for the jackpot.

Credit Markets

The New York Fed added $26.7 billion in temporary liquidity to financial markets via a three-day repurchase agreement, with eligible banks tapping far less than what the central bank was willing to provide.

Economy

The British government named Andrew Bailey as the next governor of the Bank of England, an appointment seen as a cautious choice for a role that will be critical in guiding the economy as the U.K. leaves the European Union.

Latin America

The Bank of Mexico cut interest rates Thursday for the fourth consecutive time since August, in an effort to boost a faltering economy while inflation is under control.